Government actions to date
The SCC recommended immediate action by government in the areas below to help offset business challenges. Find a full list of recommendations and government action on a provincial and federal level here.
Federal business resources
The new Canada Recovery Hiring Program, which will be available retroactive to June 6, 2021, will help businesses hire workers and increase workers’ hours or wages.
The Canada Small Business Financing Program makes it easier for small businesses to get loans from financial institutions by sharing the risk with lenders. Up to a maximum of $1,000,000 for any one borrower, of which no more than $350,000 can be used for purchasing leasehold improvements or improving leased property and purchasing or improving new or used equipment. Financial institutions deliver the program and are solely responsible for approving the loan. For more information download their PDF pamphlet or click here to find a lender near you.
The Government of Canada has introduced many COVID-19 supports to help businesses weather the storm. To get a tailored list of the ones that fit your business situation or to discover other federal, provincial and territorial programs and services designed to help Canadian businesses grow, try the interactive business benefits finder. You can also sign up for the notification feature to receive emails when there are changes to your favourite programs, when application deadlines are approaching, or when a new program that meets your needs is introduced.
RRRF is a national $2 billion needs-based program delivered by the Government of Canada’s regional development agencies, including Western Economic Diversification Canada, to fill gaps by helping support businesses and organizations unable to access other federal pandemic support programs or continue to experience hardship after accessing these measures.
For businesses located in Alberta, British Columbia, Manitoba and Saskatchewan, contact:
Western Economic Diversification Canada (WD)
The Regional Air Transportation Initiative (RATI) is a $206 million initiative that aims to help regional air transportation ecosystems affected by the economic impacts of COVID-19. It will support regional and local air carriers and airports that are critical regional transportation hubs or fill essential service gaps in Western Canada. This support will enable the air transportation system in Western Canada to remain operational through these difficult times and continue to support the economic growth of our communities.
Apply before March 2022 here:
Toll Free: 1-888-338-9378
Teletypewriter (TTY): 1-877-303-3388
Businesses heavily impacted by COVID-19 can access guaranteed, low-interest loans of $25,000 to $1 million to cover operational cash flow needs. These loans are for small and medium-sized businesses that have seen their revenues decrease by 50% or more as a result of COVID-19.
Find out more here.
The Federal Government has announced the Lockdown Support program. This program is available to organizations that have been forced to temporarily close or temporarily have their business activities reduced due to lockdown. Learn more here.
The Canada Emergency Rent Subsidy to provide direct relief to businesses, non-profits, and charities that continue to be economically impacted by the COVID-19 pandemic. Learn more here.
The Government of Canada announced the Large Employer Emergency Financing Facility (LEEFF). LEEFF aims to provide bridge financing to Canada’s largest employers, whose needs are not being met through conventional financing, in order to keep their operations going. LEEFF will provide additional liquidity for Canada’s largest businesses, to allow them and their suppliers to remain active and position them for a rapid economic recovery.
The federal government extending the maximum duration of the Work-Sharing program until September 6, 2021. The Work-Sharing program is offered to workers who agree to reduce their normal working hours because of developments beyond the control of their employers.
The Business Credit Availability Program (BCAP) is for small and medium-sized businesses to borrow up to $6.25 million to help cover payroll and operating costs for periods when revenues were temporarily reduced due to the pandemic.
provincial business resources
Resources specifically for Small Business and Entrepreneurs
This $25 billion program provides interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced, due to the economic impacts of the COVID-19 virus.
resources for Exporters
Resources for Indigenous Communities
- Indigenous Business Initiative:
The Government of Canada is providing up to $306.8 million in interest-free loans and non-repayable contributions for First Nations, Inuit and Métis businesses.This initiative is part of the Government of Canada’s COVID-19 Economic Response Plan.Financial support is provided through Aboriginal Financial Institutions and administered by the National Aboriginal Capital Corporations Association, as well as the Métis capital corporations in partnership with Indigenous Services Canada.This federal initiative should complement support offered by the provinces and territories.
- COVID-19: Resources for Indigenous Governments, Organizations, Businesses and Individuals
- Ten Strategies to Help Your Business Make it Through the Economic Storm – Metis Nation Saskatchewan, Northern Resource Group and SaskMetis Economic Development Corporation
- – Indigenous Corporate Training Inc.
- In partnership with Indigenous Services Canada, SMEDCO is delivering a COVID-19 impact fund for Métis communities and microbusinesses. The Fund will provide Métis community owned businesses and Small / Microbusinesses in Saskatchewan that have experienced reduced revenues as a result of the COVID-19 pandemic with two streams of COVID-19 supports. Stream one focuses on providing access to business assessment, advisory, and recovery supports from professionals and stream two focuses on providing non-repayable contributions to support ongoing operations.
Resources for employers
resources for workers
Canada Recovery Sickness Benefit (CRSB)
You may apply up to a total of 4 weeks between September 27, 2020 and September 25, 2021. You cannot apply for periods that are closed.
If your situation continues past 1 week, you will need to apply again. Each household may apply up to a total of 38 weeks between September 27, 2020 and September 25, 2021.
resources for the tech sector
Innovation Saskatchewan & the Ministry of Immigration & Career Training did a webinar on resources & supports available to founders, executives & employees in the TECH SECTOR during the COVID-19 crisis. Find it here.
resources for farmers and the agri-food sector
March 2020 survey: Please find the recap of the COVID-19: Business Impact Survey here.
April 2020: Please find the recap of the COVID-19: Current State of Business Survey here.
April 2021: Find a recap of the COVID-19: Business Impact Survey on our InputSask hub.
Ask an Expert
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Ernst & Young LLP
Accounting FirmsLearn More
- Strategies to help businesses respond to COVID-19 – Grant Thornton
- COVID-19 and your business: Government and economic resources – Grant Thornton
Baker Tilly Canada
- Baker Tilly has produced a guide outlining financial relief measures available to businesses and individuals who are impacted economically by the COVID-19 outbreak.
- Baker Tilly has also set up a “COVID-19: Business guidance” hub, which is regularly updated with the latest tax and financial measures impacting Canadian businesses in the wake of the pandemic, as well as helpful resources.